About Progcap
Progcap is a company based in Delhi (India) founded in 2017 by Himanshu Chandra and Pallavi Shrivastava. Progcap has raised $111.32 million across 9 funding rounds from investors including Google, AXIS Capital and The World Bank. Progcap offers products and services including Progcap App and TALLY Integration. Progcap operates in a competitive market with competitors including C2FO, Krab, financejunction, CapitalWorkz and NioCapital, among others.
- Headquarter Delhi, India
- Founders Himanshu Chandra, Pallavi Shrivastava
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Desiderata Impact Ventures Private Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$12.26 M (USD)0as on Mar 31, 2023
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Net Profit
-$5.86 M (USD)0as on Mar 31, 2023
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EBITDA
-$8.79 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$111.32 M (USD)
in 9 rounds
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Latest Funding Round
$132.13 K (USD), Series C
Nov 09, 2023
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Investors
Google
& 26 more
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Employee Count
Not available
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Products & Services of Progcap
Progcap offers a comprehensive portfolio of products and services, including Progcap App and TALLY Integration.
Mobile app for SMBs to manage credit and payments
Tool for integrating accounting with financial services
People of Progcap
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Funding Insights of Progcap
Progcap has successfully raised a total of $111.32M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $132.13 thousand completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Progcap
Progcap has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, AXIS Capital and The World Bank.
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Impact investing in emerging markets through private equity and credit services.
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Venture and private equity investments are managed with global diversification.
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Investor details for Progcap
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Investments & Acquisitions by Progcap
Investment portfolio details for Progcap
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Financial Statements - Progcap
Detailed financials for Progcap
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Progcap Comparisons
Peer comparison for Progcap
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Competitors of Progcap
Progcap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as C2FO, Krab, financejunction, CapitalWorkz and NioCapital, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors
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Provider of transportation management software
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Supply chain financing solutions are offered online to sales networks.
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Operates an online platform for business loans.
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Operates a digital marketplace for working capital loans to businesses.
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Detailed competitors of Progcap
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Latest news on Progcap
Complete news archive for Progcap
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Frequently Asked Questions about Progcap
Progcap was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Progcap is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Progcap is a funded company, having raised a total of $111.32M across 9 funding rounds to date.
Annual revenue of Progcap is $12.26M as on Mar 31, 2023.
Progcap was established in 2017 in Delhi, India, as a provider of financial and technology solutions targeted at small and medium enterprises. Supply chains are digitized to enable finance access for last-mile retailers. Credit facilities, payment processing, and business management tools are offered to support customer operations within the fintech sector.
Progcap's top competitors include C2FO, financejunction and Krab.
Progcap offers Progcap App and TALLY Integration.
Progcap has 27 investors. Key investors include Google, AXIS Capital, The World Bank, Peak XV Partners, and Z Nation Lab.
The valuation of Progcap is $600M as of Nov 2023.